Noble Energy, Inc. (Noble Energy) provided an update on the startup of the Leviathan natural gas field, offshore Israel. First gas sales from Leviathan commenced on December 31, 2019.
Natural gas deliveries to US facilities producing LNG for export achieved a monthly record in July 2019, averaging 6.0 billion cubic feet per day (Bcf/d). This is 7% of the total US dry natural gas production, according to data from OPIS PointLogic Energy.
As EIA informs, the Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and LNG shipments to Europe and North America. Located in Egypt, the Suez Canal connects the Red Sea with the Mediterranean Sea, and is considered as a key chokepoint due to the large volumes of energy commodities that flow through it.
Worldwide discoveries of conventional oil and gas continue to present promising growth, as new finds total to an overall 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according to the mid-year assessment of upstream data by Rystad Energy.
According to research by natural resources consultancy Wood Mackenzie, Malaysia provides some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily because of the need for additional gas supply.
The American Petroleum Institute released its latest Monthly Statistical Report and API Industry Outlook outlining the increased growth and resiliency of the US natural gas and oil industry. Namely, US crude oil production reached a new all-time high of 12.2 million barrels per day in May 2019.
As IEA informs in its Gas 2019 report, global demand for natural gas will continue its growth over the next five years, due to strong consumption in fast-growing Asian economies and driven by the continued development of the international gas trade. Namely, demand for natural gas increased 4.6% in 2018, which is its fastest annual pace since 2010.
As EIA informs, US production of hydrocarbon gas liquids reached 5 million barrels per day (b/d) in 2018, which is an increase of over 0.5 million b/d (13%) compared to 2017 levels. HGLs accounted for more than a quarter of total US petroleum products output in 2018.
According to the Norwegian Petroleum Directorate, preliminary production figures for April 2019 show an average daily production of 1,729,000 barrels of oil, NGL and condensate, which is a decrease of 24,000 barrels per day in comparison to March. Overall gas sales were 10.2 billion Sm3 (GSm3), which is a reduction of 0.6 GSm3 from the month before.
The Russian Federal Agency for Mineral Resources approved the expert opinions of the State Reserves Commission regarding the discovery by Gazprom of new hydrocarbon fields on the shelf of the Yamal Peninsula, namely the Dinkov and Nyarmeyskoye fields. Gazprom secured the subsurface use licenses for the Rusanovsky and Nyarmeysky licensed blocks in 2013.
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